2023 Oscar Betting Odds Preview: Asians Set to Take Over Hollywood

Asians Win Everything Everywhere All At Once

Academy Award Odds Lean Toward Asian-American Film

It will be a night for Asians if the 2023 Oscar betting odds hold true at the 95th Academy Awards. There are 11 nominations for Everything Everywhere All at Once, which is expected to win most of the major awards. This includes Best Picture, Best Director, and even Best Actress for Michelle Yeoh. It could be a monumental night for her and the film as they lead this Sunday’s headlines.

95th Academy Awards

Date & Time: 
Location: Dolby Theatre, Los Angeles, California
Host: Jimmy Kimmel
Streaming: ABC

‘Everything Everywhere All At Once’ Leads the Major Categories

Everything Everywhere All at Once will be Hollywood’s big winner come Sunday. The 2023 Oscar betting odds have the film favored to win Best Picture (-1500), Best Director (-1500) for Daniel Kwan and Daniel Scheinert, and Best Film Editing (-150).

Both Best Picture and Best Director are a wrap based on these odds. Everything Everywhere All at Once won the prestigious award during the Golden Globes and Critics’ Choice Awards. It also swept four major guild awards: DGA, PGA, SAG, and WGA. The last films to achieve that feat went on to win Best Picture at the Academy Awards. All Quiet on the Western Front is a distant runner-up at +800 even after its victory at the British Academy Film Awards (BAFTA).

The “Daniels” are also considered locks based on their odds. They won in almost every major awards show though got beat in two notable ones: by The Fabelmans’ Steven Spielberg at the Golden Globes and by Edward Berger of All Quiet on the Western Front at BAFTA. Spielberg is +450 for the Oscar while Berger got snubbed.

Yeoh Leads a Record-Breaking Number of Asians in Acting Categories

Michelle Yeoh, the film’s star, is also tied with Cate Blanchett as the Best Actress favorites at -120 each. Blanchett opened as the favorite. But the Malaysian actress picked up plenty of momentum with wins at the Golden Globes and Screen Actors Guild (SAG) Awards. Should Yeoh win, it will mark the first time an Asian wins one of the two major acting awards at the Academy.

“I thank you for your love, for your support, because I know I am up against titans,” Yeoh said as she held back tears during her acceptance speech at the SAG Awards. “Thank you, thank you, thank you. This is not just for me, this is for every single girl that looks like me.”

A win for Yeoh will be monumental for both her and the Academy. If they add Daniel Kwan from Best Director and Ke Huy Quan, the largest favorite per the entertainment betting odds (-5000) for Best Supporting Actor, it would be a night for Asians to remember.

Quan’s counterparts, Jamie Lee Curtis and Stephanie Hsu contend for Best Supporting Actress. Hsu is a long shot (+2000) but Curtis is behind just Angela Bassett (-110) at +125. Between Yeoh, Kwan, Hsu, and The Whale’s Hong Chau, this is a new record with four Asians nominated for acting Oscars in a single year.

The odds also have the film as a slight underdog to The Banshees of Inisherin (-175) at +105 to win Best Original Screenplay. Winning Best Costume Design (+550) or Best Original Score (+2000) is unlikely. And the film is not in the running for Best Actor, which is mainly between Brendan Fraser (-225) and Elvis’s Austin Butler (Even odds). The line keeps moving for Fraser as movie awards bets keep coming in for The Whale’s lead star.

More Success for Nominees of Asian Heritage

Everything Everywhere All at Once has the spotlight. But there are other nominees of Asian heritage set to have successful nights per the 2023 Oscar betting odds. The Elephant Whisperers is the favorite to win best Documentary Short at -135.

The film is from Kartiki Gonsalves and Guneet Monga. She is one of the first Indian producers to be inducted into the Academy of Motion Picture Arts and Sciences. One of her films, Period. End of Sentence also won Best Documentary Short four years ago.

RRR was largely snubbed by the Academy, but its “Naatu Naatu” from Rahul Sipligunj and Kaala Bhairava is heavily favored to win the Best Original Song at -350. And from the Best Makeup and Hairstyling category, Judy Chin joins Adrien Morot and Anne Marie Bradley as one of the favorites to win at -110. Elvisi s the favorite at -150.

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